Lafayette, LA · Louisiana
Lafayette Parish
ZIP 70506
245,075 residents1,655 permits TTM$67,660 median HHI11 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$234,200
ACS 5-Year
Cap rate proxy
5.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.1%
HUD FMR ÷ ACS HHI
Net migration
+1.93%
IRS SOI
Permits (TTM)
1,655
Census BPS
Climate risk
95.2
FEMA NRI (0–100)
ZIP 70506
Median home value
—
Gross yield
—
Cap rate
7.8%
Rent gap
—
Affordability
P/I: 3.0R/I: 23.6%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown11 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 70501 | — | — | — | 11.4% | — |
| 70506 | — | — | — | 7.8% | — |
| 70520 | — | — | — | 5.9% | — |
| 70583 | — | — | — | 5.8% | — |
| 70507 | — | — | — | 5.8% | — |
Ranked by composite score
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Demographics
Owner-occupied
66.1%
Census ACS
Vacancy rate
10.0%
Census ACS
Bachelor's degree +
34.9%
Census ACS
Rent burdened
45.0%
Census ACS (>30% income)
Median age
36.4
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026